South Carolina Taxes

South Carolina caters to its retirees. Social Security benefits are not taxed and regular income is taxed between 3% and 7%.    Property taxes are relatively low and are based on 4% of the market value of a home and up to five acres. Anything over five acres is taxed at 6% of the fair market value.  Homeowners over age 65 qualify for a homestead exemption equaling $50,000.

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Beaufort Population:  12,000   |   Percentage Age 45 or Better:  30%   |   Cost of Living:  2% Above U.S. Average   |   Crime Rate:  Above U.S. Average   |  Current Temperature: 

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Master-planned community sprinkled with live oaks and boat docks

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South Carolina Stats:

Population, year 2009 estimate - 4,561,242

Population, percent change, April 1, 2000 to July 1, 2009 - 13.7%

Persons 65 years old and over, percent, year 2009 - 13.7%

Persons of Hispanic or Latino origin, percent, year 2009 - 4.5%

White persons not Hispanic, percent, year 2009 -64.9%

High school graduates, percent of persons age 25+, year 2000 - 76.3%

Bachelor's degree or higher, pct of persons age 25+, year 2000 - 20.4%

Median household income, year 2008 - $44,695

Social Security Taxed? No

Source: U.S. Census Bureau

 

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